Catylist ID:
#30835968
Northern Madison County KY - Exit 95 at I-75 Development Land
Vacant Land
for Sale
| Catylist Listing ID: | 30835968 |
| Property Subtypes: | Office, Retail |
| Gross Land Area: | 4.90 Acres |
| Sale Price: | $1,100,000 |
| Unit Price: | $224,489 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/29/2023 |
Overview / Comments
|
We are pleased to present the rare opportunity to purchase 4.9 acres of highway commercial development land in the growing Northern Madison County area of Richmond, KY. This property is just 15 minutes from Richmond Road in Lexington and 20 minutes from the Hamburg area in Lexington. The land is on the southbound exit 95 off I-75 at U.S. 25 (Lexington Road). This site is on both sides of Boonesborough Road, with approximately 13.7 acres, but still on one deed. The property backs up to the exit and onto ramps. There is water, sewer, and gas available for this site. This urban corridor zoned commercial land allows for several uses, including hospitality, retail, office, and more. HIGHLIGHTS I-75 South bound Exit 95 Development Land 4.9 Acres Available Zoned UC 41 C Highway Commercial A number of uses, Office, Hospitality, Retail and More Water & Sewer at US 25 |
Attachments & Media
Additional Details
| Nearest MSA: | Richmond-Berea |
| County: | Madison |
| Tax ID/APN: | 0039-0000-0013-A|2 |
| Zoning: | UC 4-1C |
| Area Description: | Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,016 | 6,858 | 15,925 |
| Median Age: | 39.96 | 39.14 | 36.72 |
| Households: | 1,102 | 2,492 | 6,447 |
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